Hormel CEO Snee to Retire Later This Year

CEO Transition - Hormel Foods CEO James Snee plans to retire at the end of fiscal 2025 after 36 years with the company, including 8 years as CEO [1][2] - A search committee has been formed to identify Snee's successor [1] - Snee will remain with the company as a strategic advisor for 18 months following his departure [1] Financial Outlook - Hormel Foods maintains its fiscal 2025 outlook, projecting full-year net sales of $11.9 billion to$12.2 billion [2] - The company expects earnings per share (EPS) of $1.51 to$1.65 for fiscal 2025 [2] Stock Performance - Hormel Foods shares were down 1% on Tuesday morning [2] - The company's stock has declined approximately 6% over the past year [2]